PwC Australia welcomes Department of Finance report

Thursday, 7 August 2025

PwC Australia welcomes Department of Finance report

PwC Australia has today welcomed the completion of the Department of Finance’s review, and its conclusion that the firm has implemented, or is in the process of implementing, appropriate structures to significantly improve its ethical operation.

Over the past two years, the firm has introduced a range of measures designed to enhance its governance and culture, including the appointment of independent non-executives to its Governance Board and the release of its inaugural Annual Report, with audited financial statements and a remuneration report.

PwC Australia CEO Kevin Burrowes said: “We thank the Department of Finance for its comprehensive review and welcome its findings. We are proud of the progress we’ve made across the past two years and look forward to continuing to embed these important changes.”

“There is more work to do as we strive to become the pre-eminent professional services firm, with a focus on delivering exceptional outcomes for our clients, using our deep-industry sector expertise."

“We appreciate the feedback provided by Finance and are pleased to integrate their recommendations to further strengthen our approach.”

The publication of this report follows the release of Independent Monitor Webb Henderson’s Report, which found that of the 47 actions outlined in the firm’s Commitments to Change Action Plan, 46 have now been implemented, or are well progressed against their timelines, and one is partially implemented. This includes the publication of the firm’s inaugural Annual Report, with audited financial statements and a remuneration report. 

PwC Australia divested its government advisory business in 2023.